Red Hat's Profit Rises 11%
Amid Open-Source Demand

The Raleigh, N.C., company posted net income in the quarter ended May 31 of $13.8 million, compared with $12.4 million in the year-earlier period. On a per-share basis, profit was unchanged at seven cents. Revenue climbed 38% to $84 million. Subscription revenue jumped 45%, while revenue derived from training and...